The Economic Development of Barbados
$9.99
The Economic Development of Barbados
By Michael Howard
US$ 9.99
Book Description

Table of Contents
  • Contents
  • Tables
  • Preface
  • Abbreviations
  • Chapter 1: Introduction
    • Purpose of this Book
    • Economic Development and Growth
    • The Social Economy of 1937-46
    • Methodology
  • Chapter 2: Lewis and the Plantation Economy School
    • Introduction
    • Lewis’s Conceptual Framework
    • Lewis’s Puerto Rican Model
    • The Plantation Economy Model
    • Policy Recommendations of Plantation Theorists
    • Size and Plantation Economy
    • Summary
  • Chapter 3: Colonial Development Policy and Planning
    • Colonial Development Policy
    • Colonial Development Planning
    • Policy and Planning in the Service Economy Period
    • Deficiencies of Planning
    • Summary
  • Chapter 4: Evolution of the Macroeconomy
    • Structural Change
    • Aggregate Demand
    • Barbados’s Growth Performance
    • Income Inequality
    • The Distribution of Economic Power
    • Prices and Wages
  • Chapter 5: Agriculture
    • Introduction
    • Early Changes in the Agrarian Structure
    • The Resurgence and Decline of Sugar (1946-80)
    • Sugar in Financial Crisis and Decay (1980-2000)
    • Imperial Preference
    • Policy and Problems of Diversification
    • Critical Appraisal
  • Chapter 6: The Industrialization Process
    • Introduction
    • Manufacturing under Colonial Development
    • The Structure of Manufacturing after 1970
    • Capital and Labour Intensity
    • Local and Foreign Capital
    • Import Substitution
    • Capacity Utilization in Manufacturing
    • Small Business Manufacturing
    • Summary
  • Chapter 7: Tourism and Offshore Business
    • Introduction
    • The Nature of Tourism Dependence
    • Ownership of the Tourism Plant
    • Review of Tourism’s Impact on Development
    • Offshore Business
    • Summary
  • Chapter 8: Labour and Human Resource Development
    • Introduction
    • The Fisher/Clarke Thesis
    • The Migration Response
    • Economic Implications of Migration
    • The Sectoral Distribution of Labour
    • Female Employment and Participation
    • Human Resource Development
    • Unemployment in Barbados
    • Summary
  • Chapter 9: The External Sector
    • Colonialism, Size and Openness
    • Exports of Visible Goods and Services
    • Structural Change and Import Structure
    • The Commodity Terms of Trade
    • The Capacity to Import
    • The Import Surplus
    • Impact of Trade Liberalization
    • The CARICOM Single Market and Economy and the Free Trade Area of the Americas
    • Foreign Direct Investment (FDI)
    • Summary
  • Chapter 10: Financial Intermediation
    • Introduction
    • Evolution of the Monetary System
    • Development of the Financial Structure
    • Financial Deepening
    • Social Efficiency of Bank Lending
    • Financial Innovation
    • Conclusion
  • Chapter 11: Public Finance
    • Introduction
    • Colonial Budgeting
    • Taxation in the Colonial Development Period
    • Public Expenditure in the Colonial Period
    • Budgetary Policy in the Early Service Economy Period
    • Taxation in the Service Economy Period (Up to 1979)
    • Tax Reform (1977-86)
    • Tax Reform (1986-97)
    • The First Stabilization Crisis 1981
    • The Second Stabilization Crisis 1990-91
    • Privatization
    • Public Sector Reform
    • Summary
  • Chapter 12: Concluding Observations
    • The Major Findings
    • Economic Management
  • Notes
    • CHAPTER 1
    • CHAPTER 2
    • CHAPTER 3
    • CHAPTER 4
    • CHAPTER 5
    • CHAPTER 6
    • CHAPTER 8
  • References
  • Index
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